First Things First
If you're worried your cellphone will overheat and the cellphone's life will be reduced then you don't need to worry about that.
The miner doesn't actually solve complex equations like most miners do. It just looks at the benchmark score that the cellphone can get and allocates it with a hash rate that it would be able to achieve if it were actually mining. Then it allocated the user with the amount of ETN for the amount of hash rate that they can get out of it. pretty simple in essence.
This is simple and efficient way to mine some cryptocurrency on the side.
This method might not make you a millionaire but if you have a cellphone, It doesn't hurt to keep running this application in the background.
It's simple and easy to set up and to keep it running all the time.
It doesn't consume much ram or data so you really don't have to worry about any of that.
A Little Bit Of History
Electroneum is still under works and expanding rapidly. As their goal, they not only want users to have access to cryptocurrency but the ability to spend it easily and safely.
Having started in july of 2017 just before the bull market and when the ICO craze had started to go out of control. I think electroneum was lost in the crowd and still is...
A little bit of marketing boost will really help these guys.
Why Mobile Mining Can Become A Big Thing In The Future And How Electroneum Team Is Leading The Way
Now let's come back to the topic of mining app.
- In many countries people are not familiar with crypto mining or they are new and just want to try their hand at mining this is where Electroneum app comes in handy.
- In many third world countries people can't afford expensive GPU's or ASIC units not only they are ridiculously expensive but in some cases very hard to get and barely available. You bypass all these issues by simply having a cheap and easily accessible mobile miner.
- GPU'S and ASIC's consume a lot of energy, I've already wrote a blog about this before and the numbers are staggering.
With this we can reduce the energy consumption but still keep "proof of work" alive and fun for many people.
Something can be noted here is that we can by pass this by "proof of stake" but in doing so we usually take the fun of mining and very soon staking becomes pretty hard for most average joe's.
The Growing Numbers
As you can see in the image below it was just in january on 2018 when the first beta version of the app was launched.
Since then we are seeing a rise in the people of miners every day.
Just a few days ago Electroneum tweeted saying they've crossed 100,000 mobile miners for the first time since their launch.
and maybe by the time I end up writing this blog maybe we'll be able to hit 110,000.
We'll only see more and more people join the network, So it's important to join earlier and enjoy a head start.
The Power Of 1%
Electroneum also offers a small referral program for it's user in order to promote their users and spread the word about mobile mining, don't know how long will this offer lasts but If you're gonna try this you should try to make the most of it.
If you use the referral code below can get 1% extra on every ETN you mine, Now 1% doesn't feel like much but it really adds up over time.
If you refer to more people your own code you can get 5% more on what they can mine. Overall it all adds up. _
Scan this code from your Electroneum app under "Earn Free Coins" section and get 1% extra on every ETN you mine
Thoughts
I really think this is a great app and it gives a chance for any normal person to experience mining for the first time easily without much hassle.
If you do try it, surely let me know!
Lets help the more people get into crypto with a simple app like this.
I think Electroneum deserves more credit for bringing mining to the masses let's give them a little push by spreading the word.
@VARUNPAHERWAR
